Yellen will face Senate for confirmation

WASHINGTON (MarketWatch) — President Barack Obama will nominate Janet Yellento replace Ben Bernanke as chairman of the Federal Reserve, a White House official said Tuesday, in a move that many expect will result in a continuation of the central bank’s loose monetary policy.

Obama will introduce Yellen at a 3 p.m. Eastern ceremony at the White House Wednesday, the official said. Yellen currently serves as vice chairman of the central bank.

With gold, silver and Uranium stocks being out of favor one must decide if this is a problem or an opportunity. We have steadfastly refused to buy gold and silver mining stocks for the last two years and as evidenced by the HUI we feel that our decision to hold back has been vindicated. The damage done to the mining sector may not be over yet but this demise is starting to offer up some exciting opportunities in my view.

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What do you think the next word in the series in likely to be? FAIL maybe?

Every single fiat currency ever created has failed. Numbering in the several hundreds if not in the thousands.

So...what if I extended the word string by several hundred entries and every single entry read FAIL Does that guarantee that the next word in the string will be FAIL? No. Would you be a fool to bet against it? Uh huh.

So, what are the chances this particular experiment in fiat currency issuance reads SUCCEED?